Clarke University of Dubuque Iowa (EIN 420680408) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1843

Legal Domicile

Principal Officer

Fletcher Lamkin

Phone

5635886315

Tax Period

2024-06-01 to 2025-05-31

Clarke University of Dubuque Iowa, founded in 1843, is a mid-sized nonprofit in the Education sector that reported $42.2M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

Catholic, co-educational, liberal arts university educating at post-secondary & graduate level

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,694,126

Program Service Revenue $36,615,349

Investment Income $1,746,787

Other Revenue $185,481

TOTAL REVENUE $42,241,743

Expense Breakdown

Grants Paid $16,960,247

Salaries & Benefits $18,516,339

Fundraising Expenses $1,480,482

Program Expenses $40,312,332

Other Expenses $10,273,650

TOTAL EXPENSES $45,848,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,241,743	$50,393,974	-0.2%
Expenses	$45,848,096	$46,825,742	0.0%
Net Income	$-3,606,353	$3,568,232	-2.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

653

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$569,191

Total Directors

$149,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Haupert	Chair	1.00	Officer Director	$0	$0	$0
Margaret Mary Cosgrove BVM	MBA, Vice Chair	1.00	Officer Director	$0	$0	$0
Mark D Wahlert	Secretary	1.00	Officer Director	$0	$0	$0
Kathleen Antol	Trustee	1.00	Director	$0	$0	$0
Chris Brewer	Trustee	1.00	Director	$0	$0	$0
Anne Brown	Trustee	1.00	Director	$0	$0	$0
Kathleen Corrigan	Trustee	1.00	Director	$0	$0	$0
MaryRose Corrigan-Psihoyos	Trustee	1.00	Director	$0	$0	$0
Gail Coury	Trustee	1.00	Director	$0	$0	$0
Suzanne Juergens	Trustee	1.00	Director	$0	$0	$0
Jason Knockel	Trustee	1.00	Director	$0	$0	$0
LaDonna Manternach	Trustee	1.00	Director	$0	$0	$0
Elizabeth Petty	Trustee	1.00	Director	$0	$0	$0
Regina Qualls	Trustee	1.00	Director	$0	$0	$0
Timothy J Conlon	Trustee	1.00	Director	$0	$0	$0
Ardell Sanders	Trustee	1.00	Director	$0	$0	$0
Cathy Schulze	Trustee	1.00	Director	$0	$0	$0
Alan Stache	Trustee	1.00	Director	$0	$0	$0
Dr Deborah Ashton	Trustee	1.00	Director	$0	$0	$0
MaryAnn Zollmann	Trustee	1.00	Director	$0	$0	$0
Eric Gantz	Trustee	1.00	Director	$0	$0	$0
Tony Harvat	Trustee	1.00	Director	$0	$0	$0
Michele Miller	Trustee	1.00	Director	$0	$0	$0
Thomas Schwartz	Trustee	1.00	Director	$0	$0	$0
Fletcher Lamkin PhD	President/Trustee	40.00	Officer Director	$131,222	$18,000	$149,222
Yvonne Zimmerman- - Provost	VP of Academic Affairs as of Sept	40.00	Officer	$108,780	$17,691	$126,471
Elizabeth A McGrath	Treasurer-VP Business/Finance	40.00	Officer	$151,149	$18,739	$169,888
Steven Kapelke - Provost	VP of Academic Affairs until Sept	40.00	Officer	$118,968	$4,642	$123,610
William Biebuyck-VP Instit	Adv (Until July)/then VP Emeritus	40.00	Highest	$127,364	$15,742	$143,106
Courtney Leonard	VP for Institutional Advancement	40.00	Highest	$118,505	$32,230	$150,735
Julie Cirks	VP of Enrollment Management	40.00	Highest	$119,602	$15,042	$134,644
Lisa Rettenmeier	Professor of Nursing	40.00	Highest	$112,539	$7,236	$119,775
Alecia Thiele - Associate	Professor and Dir of Clinical Educ	40.00	Highest	$118,468	$2,789	$121,257

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$42,241,743	$45,848,096	$70,946,607	$-3,606,353
2024	$50,393,974	$46,825,742	$73,497,955	$3,568,232
2023	$41,705,503	$43,774,988	$69,711,638	$-2,069,485
2022	$42,449,331	$41,909,328	$72,952,113	$540,003
2021	$38,065,327	$38,372,126	$75,835,703	$-306,799
2020	$36,110,999	$37,004,055	$71,480,887	$-893,056
2019	$37,509,035	$36,999,806	$71,192,398	$509,229
2018	$35,741,740	$36,080,614	$73,334,230	$-338,874
2018	$35,741,740	$36,080,614	$73,334,230	$-338,874

Clarke University of Dubuque Iowa